ConDig (23-Jun-21). Swedish developer and contractor Skanska has sold off its US multi-discipline design firm PCI Skanska Inc (PCIS) for $20 million.
The Swedish-based multinational construction and development company said that PCIS, which is based in Indiana, has been snapped up by engineering and facility planning firm Salas O’Brien.
The sale of PCI Skanska is a key part of Skanska’s strategy to focus on its core civil construction operations in the US, the company said.
PCI Skanska was acquired by Skanska in 2011 along with its sister company, Industrial Contractors Skanska (ICS). ICS will remain a wholly-owned subsidiary of Skanska USA Civil.
“Manufacturing, life sciences, food and beverage, utilities, and other process-driven markets are incredibly important to the American economy,“ said Darin Anderson, Salas O’Brien chairman and CEO.
“I am so pleased to welcome the PCI team to Salas O’Brien, and I believe their leadership and advanced engineering skills in key markets will produce mutual growth and many opportunities for our unified team.”
Last month, Skanska made a record investment in its biggest office development project in Bellevue, Washington. It plans to develop and build a 25-story, 50,300 square meter office tower called The Eight for an investment value of $476 million.
In April, a joint venture led by Skanska landed a $308 million contract for a Signia by Hilton hotel in Atlanta, Georgia.
Skanska secured a $73 million contract for a multi-purpose event center in Clarksville, Tennessee, also in April.
In December, Skanska bagged two contracts in Georgia and Florida worth a total of $120 million. It also signed an additional $80 million contract to expand Portland International Airport, Oregon.
In October, Skanska secured a $91 million contract to upgrade an aluminum processing facility in the Southeast of the US.
In September, Skanska secured a $64 million contract to build a data center in Oregon. It also bagged a $106 million deal last month for the 95 Northbound viaduct replacement in Providence, Rhode Island.